Baker Hughes (NASDAQ:BKR) Price Target Raised to $56.00

Baker Hughes (NASDAQ:BKR) had its price target raised by Susquehanna from $52.00 to $56.00 in a research report released on Thursday,MarketScreener reports. They currently have a positive rating on the stock.

Several other research analysts also recently weighed in on BKR. Morgan Stanley boosted their price target on Baker Hughes from $45.00 to $55.00 and gave the company an “overweight” rating in a report on Tuesday, July 29th. TD Cowen lifted their price target on shares of Baker Hughes from $52.00 to $54.00 and gave the company a “buy” rating in a research report on Thursday, July 24th. UBS Group reissued a “neutral” rating and issued a $46.00 target price (up previously from $43.00) on shares of Baker Hughes in a research note on Wednesday, July 30th. Jefferies Financial Group set a $58.00 target price on Baker Hughes in a research report on Wednesday, July 30th. Finally, Melius Research initiated coverage on Baker Hughes in a report on Wednesday, August 20th. They set a “buy” rating and a $60.00 target price on the stock. Twenty-two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $52.00.

Baker Hughes Stock Up 0.2%

Baker Hughes stock opened at $48.50 on Thursday. Baker Hughes has a fifty-two week low of $33.60 and a fifty-two week high of $50.92. The firm has a market capitalization of $47.82 billion, a price-to-earnings ratio of 15.85, a price-to-earnings-growth ratio of 2.21 and a beta of 0.99. The stock’s fifty day moving average is $45.69 and its two-hundred day moving average is $41.22. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.00 and a current ratio of 1.41.

Baker Hughes (NASDAQ:BKR) last issued its quarterly earnings data on Tuesday, July 22nd. The company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.08. Baker Hughes had a net margin of 11.04% and a return on equity of 14.56%. The business had revenue of $6.91 billion during the quarter, compared to analysts’ expectations of $6.64 billion. During the same period last year, the company posted $0.57 EPS. The company’s revenue was down 3.2% on a year-over-year basis. Baker Hughes has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Analysts predict that Baker Hughes will post 2.59 EPS for the current fiscal year.

Baker Hughes Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Tuesday, August 5th were issued a $0.23 dividend. The ex-dividend date of this dividend was Tuesday, August 5th. This represents a $0.92 annualized dividend and a dividend yield of 1.9%. Baker Hughes’s payout ratio is 30.07%.

Insider Buying and Selling

In related news, CAO Rebecca L. Charlton sold 1,000 shares of the stock in a transaction dated Tuesday, September 23rd. The shares were sold at an average price of $50.00, for a total value of $50,000.00. Following the sale, the chief accounting officer owned 11,772 shares of the company’s stock, valued at $588,600. This trade represents a 7.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Sreeganesh Ramaswamy sold 25,000 shares of Baker Hughes stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $50.00, for a total value of $1,250,000.00. Following the sale, the executive vice president directly owned 40,520 shares in the company, valued at $2,026,000. The trade was a 38.16% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 553,068 shares of company stock worth $24,712,651 in the last three months. 0.27% of the stock is owned by insiders.

Institutional Trading of Baker Hughes

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Aaron Wealth Advisors LLC purchased a new stake in shares of Baker Hughes in the 3rd quarter valued at approximately $402,000. GAMMA Investing LLC grew its position in Baker Hughes by 15.0% in the third quarter. GAMMA Investing LLC now owns 17,788 shares of the company’s stock worth $867,000 after acquiring an additional 2,316 shares in the last quarter. Valeo Financial Advisors LLC bought a new position in Baker Hughes during the second quarter valued at about $303,000. B. Riley Wealth Advisors Inc. bought a new position in shares of Baker Hughes in the 2nd quarter valued at approximately $598,000. Finally, Cape Investment Advisory Inc. raised its position in shares of Baker Hughes by 13,610.0% in the second quarter. Cape Investment Advisory Inc. now owns 2,742 shares of the company’s stock valued at $105,000 after purchasing an additional 2,722 shares during the period. 92.06% of the stock is owned by institutional investors and hedge funds.

Baker Hughes Company Profile

Baker Hughes Company provides a portfolio of technologies and services to energy and industrial value chain worldwide. The company operates through Oilfield Services & Equipment (OFSE) and Industrial & Energy Technology (IET) segments. The OFSE segment designs and manufactures products and provides related services, including exploration, appraisal, development, production, rejuvenation, and decommissioning for onshore and offshore oilfield operations.